Business

Aaron Montgomery Ward 1843-1913 Open your mailbox and thank Aaron Montgomery Ward for what's inside. The retail magnate is most noted for his innovation in mail-order catalogs for department stores. Working as a door-to-door salesman for a dry-goods wholesaler, he noted the disparity between the cash prices farmers received and high retail store prices. In…

George Eastman 1854-1932 George Eastman made photography an amateur sport. When competition in the camera industry heated up, he shifted his attention and created the film roll, which replaced cumbersome glass plates that required more complicated processing. The innovation also became the basis for motion picture film. Eastman obtained a patent for a camera to…

Herb Kelleher b. 1931 What started as a regional carrier serving Dallas, Houston and San Antonio became one of the industry’s pioneering low-cost, no-frills airlines. Founded by Herb Kelleher and partner Rollin King in 1967, Southwest Airlines posted its 35th consecutive year of profitability in 2007. The airline has been known for campy antics—flight attendants singing…

Billionaire entrepreneur Richard Branson got an early leg-up with a loan from his aunt. Still in his teens, he already had a few ventures that had gone south—growing Christmas trees that were eaten by rabbits and raising parakeets with reproduction rates that far outpaced demand. But he felt good about this latest venture. And things…

5 Questions to Help Turn Your Passion into Profit

There are six simple words in Napoleon Hill’s book, Think and Grow Rich, that ha

That’s a bold statement, so let me back it up with a simple analogy about becoming an aut